Many people think that earning 1 million in the market means cashing out. In fact, the money is still on the chain, and the risk is just beginning. I have seen many cases where the loss was not due to market conditions, but rather due to issues with cashing out.

To securely convert money into RMB, you must adhere to a few key principles.

① Cross-border exchange - The safest insurance plan.

The safest method is for someone to personally go abroad to exchange. In nearby places like Hong Kong or Macau, find an acquaintance to introduce a currency dealer, directly exchanging USDT for HKD or RMB, and then bringing it back to the mainland or depositing it into a local account.

Here are a few details to remember:

Do not exchange a large amount at once; do it in batches and multiple times.

Only deal with reputable merchants with clean backgrounds.

Be cautious throughout the process; do not be tempted by low fees. Many people find it troublesome to do it all at once and end up being targeted, resulting in issues with both their accounts and funds.

② Withdrawing from overseas accounts - Slow, but safe and controllable.

If you have an overseas bank card, such as an account in Singapore, Hong Kong, or Australia, you can exchange USDT for fiat currency through a compliant platform and then withdraw to your overseas account.

The advantage is that the fund path is clear and the risk is low; the downside is that you need to set up the account in advance, the process takes a long time, and you need to calculate the exchange rate and fees in advance. This step is suitable for those planning long-term investments, who are not in a hurry to cash out all at once but want to keep their funds safe.

③ C2C cash out on the platform - Fast, but avoid pitfalls.

C2C trading within the platform is a commonly used method for many people; it has high flexibility and quick transactions, but the risks should not be underestimated. When choosing a merchant, consider:

Transaction history: At least 2 years.

Transaction records: Every transaction should be clean, without anomalies.

Never accept transfers outside the platform or offline transactions.

I have seen people get robbed while trying to save a few hundred in fees by exchanging cash in person; they ended up losing both their money and crypto. Others got caught up in involved accounts, leading to their bank cards being frozen.

④ Fund splitting - Mitigate risks by not putting everything in one place.

Regardless of which method you use, remember one principle: never cash out everything at once.

Split your funds into several parts and withdraw using different paths; even if one route is blocked, the remaining portions will still be safe.

Market opportunities may arise again, but mistakes in cashing out often only happen once.

The market is still brewing; if you are not sure how to play it yet, that’s okay. Hurry up and plan with me. I will clearly arrange your positions for you!

$ETH